MNI China Daily Summary: Monday, November 25

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1918 Mon; -1.35% Y/Y

CHINA PRESS: Yuan To Reach 17% Of Global Payments By 2035

MNI: BELGIUM NOV BNB BUSINESS SURVEY -11.1

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, DE Due on Tuesday

MNI: GERMANY NOV IFO BUSINESS CLIMATE INDEX 85.7

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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Yellen Testifies To House Committee: GOP Pushes For Energy Sanctions

US
Treasury Secretary Janet Yellen is now testifying before the House Finance Committee. Opening remarks from Republicans have called for more severe sanctions on Russian energy exports.
  • A livestream can be followed: Here.
  • Rep Jim Himes (D-CT): 'We must show the Russian people that they will have a stone aged economy while they continue to be governed by a butcher.' He asks Yellen: 'What more can we do to stop Putin?'
  • Rep Andy Barr (R-KY): 'We can sanction energy supplies, which we are not currently doing.' 'The atrocities on display in recent days show we must do more to sanction energy exports.'
  • Rep Pat McHenry (R-NC) ranking Republican committee member: 'China must feel the pinch of its relationship with Russia.'
  • McHenry also says the treasury must respect Congressional oversight.
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